Impact of NC Flooding on Local Rental Market Properties

[Michael Blankenship]

Hello BP'ers - 

I am considering purchasing a rental property in the Charlotte-Raleigh-Durham area but have grown concerned over the level of flooding in the local area.  I would love to hear what local investors / residents think about any new risks associated from the flooding, whether it be property damage to homes or damage to local services that may decrease the attractiveness of a neighborhood to renters, or any other flood related considerations.

Thanks in advance!

[Dawn Brenengen]

@Michael Blankenship I wouldn't buy in a flood plain in any of those areas, but the flooding in those cities was pretty minimal during the storm.  There was high water in creeks and rivers for the day and then the floods mostly subsided the next day.  I manage 90 homes in different parts of Raleigh and the surrounding areas, and none of them had any flood damage.  One did have a tree fall on the roof, but that's a topic for another conversation  :)